Ripple Partners with Tokentus Investment AG to Support XRPL Accelerator Program
Ripple Labs Inc. has teamed up with Frankfurt-based Tokentus Investment AG to promote the growth and adoption of the XRP Ledger (XRPL). As part of Ripple’s XRPL Accelerator Program, Tokentus will provide mentorship and guidance to emerging start-ups in the blockchain sector.
About the XRPL Accelerator Program
The XRPL Accelerator Program, initiated by Ripple, aims to assist entrepreneurs, start-ups, and young enterprises in establishing their operations on the XRP ledger. As a partner and mentor for the program, Tokentus will contribute its expertise as an investment company listed on the m:access trading segment of the Munich stock exchange.
Ripple’s Commitment to Developer Resources
In addition to the XRPL Accelerator Program, Ripple recently committed 1 billion XRP to support developer resources through the XRPL Grants Program. This program is designed to expedite, educate, mentor, and expand projects within the XRPL community. So far, Ripple has provided support to over 100 projects and allocated funding exceeding $13 million.
Eligibility for the XRPL’s Accelerator Program
To be eligible for the XRPL’s Accelerator Program, founders must have a Minimum Viable Product (MVP) that can meet significant market demand. They should also have a tech-focused founding team and a product that addresses a prominent market pain point.
Tokentus’ Relationship with Ripple
Tokentus Investment AG primarily focuses on investments in blockchain-related financial assets, equity, tokens, venture capital funds, and Special Purpose Vehicles (SPVs). The company has shown a strong interest in Ripple and has previously invested in the company through an SPV.
Tokentus has also demonstrated enthusiasm for XRP and other Ripple-affiliated ventures. In July, they purchased XRP coins worth 50,000 euros, citing a favorable US court ruling that confirmed XRP is not classified as a security. Additionally, Tokentus has invested $50,000 in Polysign, an institutional custody provider connected to Ripple.
Hot Take: Ripple Partners with Tokentus to Boost XRPL Ecosystem
Ripple’s collaboration with Tokentus Investment AG as part of the XRPL Accelerator Program represents a significant step towards fostering the growth of the XRPL ecosystem. With its expertise and strategic advantage in blockchain investments, Tokentus is well-positioned to support and guide emerging start-ups in the blockchain sector. This partnership further strengthens Ripple’s commitment to supporting developer resources and expanding projects within the XRPL community.
Source: [Bitcoinist](https://bitcoinist.com/ripple-partners-with-tokentus-investment-ag-to-support-xrpl-accelerator-program/)
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